Falling oil drives down Toronto stock market

TORONTO — The Toronto stock market ended its ninth consecutive session in the red, as lingering concerns about the Chinese economy dragged down the price of oil.

The S&P/TSX composite index lost 126.20 points, closing at 12,319.25.

The Canadian dollar, which has been on a steep slide since the start of the year, fell 0.37 of a U.S. cent to 70.31 cents US.

In New York, markets were mixed, with the Dow Jones up 52.12 points at 16,398.57, while the S&P500 gained 1.64 points to 1,923.67. Meanwhile, the Nasdaq slipped 5.64 points to 4,637.99.

The February contract for benchmark crude oil fell $1.75 to US$31.41 a barrel, while February natural gas lost 7.6 cents to US$2.396 per mmBtu.

February gold fell $1.70 to US$1,096.20 an ounce, while March copper lost five cents to US$1.97 a pound.

Follow @alexposadzki on Twitter.

By The Canadian Press

Source: Falling oil drives down Toronto stock market

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